MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 316.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,510 shares of the business services provider's stock after purchasing an additional 24,709 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NV5 Global were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its position in NV5 Global by 235.3% in the 4th quarter. Janus Henderson Group PLC now owns 26,960 shares of the business services provider's stock valued at $508,000 after purchasing an additional 18,920 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of NV5 Global in the fourth quarter valued at approximately $199,000. Ensign Peak Advisors Inc increased its stake in shares of NV5 Global by 300.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 22,504 shares of the business services provider's stock valued at $424,000 after purchasing an additional 16,878 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of NV5 Global by 180.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 56,082 shares of the business services provider's stock valued at $1,057,000 after buying an additional 36,051 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of NV5 Global by 524.4% during the fourth quarter. Deutsche Bank AG now owns 50,452 shares of the business services provider's stock worth $951,000 after buying an additional 42,372 shares during the period. Institutional investors own 75.54% of the company's stock.
NV5 Global Trading Down 0.4%
NVEE stock traded down $0.10 during mid-day trading on Friday, reaching $22.17. 538,640 shares of the stock traded hands, compared to its average volume of 466,878. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The stock's fifty day moving average is $18.67 and its 200-day moving average is $19.01. The company has a market cap of $1.46 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.
NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. As a group, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on NVEE shares. Maxim Group lowered their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, William Blair restated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, NV5 Global currently has an average rating of "Hold" and an average price target of $25.67.
Read Our Latest Stock Analysis on NV5 Global
NV5 Global Company Profile
(
Free Report)
NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
Further Reading
Before you consider NV5 Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NV5 Global wasn't on the list.
While NV5 Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
